Ftai Aviation Stock Earnings Reports

FTAI Aviation reported a strong start to 2026 with consolidated Q1 adjusted EBITDA of $325.6 million (up 17% sequentially). Aerospace Products showed accelerating top-line and margin expansion (Q1 revenue +104% YoY; Aerospace EBITDA $222.6M; 30% margin) driven by higher market share, production ramp (270 CFM56 modules in Q1, target 1,050 for 2026) and larger, stickier airline programs. Strategic Capital is completing deployment of the 2025 SPV (165 aircraft closed) and plans a 2026 SPV first close at end of Q2; warehouse debt for the 2025 vehicle was upsized to $3.5B. FTAI Power remains on track for a commercial MOD 1 launch in Q4 2026, with prototype testing ahead of schedule, a JV with Jereh Group for packaging, and strong customer demand (management expects to be mostly sold out of 2027 production). Liquidity and financing improved: corporate revolver upsized to $2.025B and leverage reduced to ~2.3x annualized (below previous target range). Q1 adjusted free cash flow was $158M (or ~$333M excluding strategic prepayments). Management reaffirmed full-year 2026 segment EBITDA guidance of $1.625B (Aerospace Products $1.05B; Aviation Leasing $575M) and raised the quarterly dividend from $0.40 to $0.45 per share. Management noted limited direct exposure to the Middle East (~<3% of current-gen narrow-body fleet) but said geopolitical volatility can create leasing and sale-leaseback opportunities. Remaining items: ~$5M of insurance recoveries expected later in 2026 to close related claims, continued PMA parts approvals in process, and ongoing M&A / capacity expansion efforts (notably east of Rome).